Private Equity
The retirement system approved two private equity commitments for pacing purposes and diversification yesterday.
The plan will target eight to 10 emerging buyout funds.
The role is tasked with supporting the university’s venture and private equity portfolio by assisting with the development of its investment pipeline and monitoring investment opportunities, among other duties.
The university institution is looking to offload as much as 5% of its private equity portfolio on the secondary market.
The plan received a report from its consultant after launching the search in February.
The fund reviewed roughly $1.7 billion in intended private equity and real estate commitments this week.
The corporation is seeking consultants to assess the viability of the organization developing venture debt products.
The retirement system approved an approximately $25 million private equity commitment last month.
The pension system disclosed recent commitments across real estate, private credit and private equity.
An initiative to support Tribal entities is looking to select fund managers or nonprofit development groups to invest in local businesses.